Used books by the numbers

September 29, 2005

A few months ago the New York Times had an article about a study that challenged the conventional wisdom that used books cannibalize new book sales (see my post about it here). Now the Book Industry Study Group has released a report that delivers some numbers on used books sales, which are famously difficult to collect. A post at the bookfinder.com journal breaks down the data, but one key point is that the majority of used book dollars go to textbooks; understandable considering what college students are expected to shell out. Another key point is this: “General used book sales account for 3% of the value of all general book sales.” That number seems awfully non-threatening to me, but as this AP story makes clear, the book industry is not worried about the total number, they are worried about the growth of general (non-textbook) online used book sales (25% between 2003 and 2004); they are worried about promotional copies getting sold on eBay or Amazon; And they are worried that the consumer book market will start to look like the market for textbooks, where prices spiral ever upward and (where applicable) new editions are released with alarming frequency in order to combat losses from used book sales. Is this the book industry’s fault for making books too expensive and not finding better ways to embrace the new economy or are Amazon and eBay destroying the book industry as we know it (and would that be a good thing?)

created The Millions and is its publisher. He and his family live in New Jersey.

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